When oil price crashed, upstream will feel the impact first, so it is not that wise to join upstream now.

https://en.wikipedia.org/wiki/Oil_shale
Well, it will die by itself after certain period of time, as the impact are quite big to the environment
Anyway, oil price settled at USD48, I was expecting it to test USD49 next month, it come earlier

Not really, as Petronas's quarterly income already proven this.
Have to know that, crude oil price are buying 2 months in advance while product price are on weekly basis. You can have low oil price but high product price, like during winter seasons, diesel and kero are much more expensive as winter countries are using it for heating
Petro price maybe lower
That's why our government are using MOPS to cheat us. Like maid says : using mop to clean(our money)
So back to this price difference between 2. A bought crude oil for USD90 for Sep refining in July. They forecast at that time the product price will be average at USD140. But due to some bad quarterly results from most companies in the region, the average product prices are merely USD95. After OPEX, it is actually operating in lost
And when this situation continues, crude oil price will be maintain lower and refineries starting to make money, since there's no so-called supply and demand, more on sellers demanding buyers to pay more.
It will touch the break even period first follow by make money period. Shell and Petron already proven this from their 1st Q
Still, it will remain volatile, who knows they will lose money again
So there's no safe place like you said for O&G now, if you are looking for safe heaven O&G, Middle East are the only place.
Most Petronas projects have to continue are due to government's intervention. If they really cut all, most Alibabarm1 companies will close down. At least we won't have a sub con manager able to buy a Porsche and commit suicide in highways earlier this year, splashing his brain to a poor lady's car.

Thread title will be update only when the price touches USD62. I already monitor this for quite some time already, TS will only update when the price are higher than what he posted, when it goes lower, no update will be done
Because most people that are active in Lowyat forum still living in their denial life of O&G heaven
Do forgive them for being ignorant on bad days are on the way

https://sg.finance.yahoo.com/news/oil-price...-114356729.html
wti : $47.12 as of 8pm Malaysian local time.

At last, you are back to update
http://www.thestar.com.my/Business/Busines...ggit/?style=biz
Still, it was old news, latest even 2 days back already lesser than 47.98

This post has been edited by supersound: Jul 29 2015, 10:55 AM

Compare to ShellHP's 1000 from Cyberjaya and another 1000 on the way for Shell Upstream, this 125 are nothing

Nope, you guys still living in denial, as 47.98 was 2 days back price, now already settled at 47.12

Yup, but you are free when the oil price touching new high few months back

Yup, I very well aware on that
But at the same time I also know the fact, most Lowyaters are living in their heaven
That's why I hope oil price will reach $20-35 then I'm sure you will have more time to update

Sadly, I'm not like you in the alibaba companies
Still, when reaches $20-35, I would like to see how many alibaba companies will still stand strong

As to date, I never seen a thief will admit he is stealing. Just like 1MDB's scandal
As you can say like this is the oil price are not low enough to tarnish Petronas and because they need to feed cronies, so white elephant projects still have to go on.

You need to join FB and look for Oil&GAS Vacancies group, join them and you will find jobs over there.
There's some remarks on Petronas also(not that good as you need to have connection to join Petronas)
2 years back when market are good, as long as you are Malay, you can directly join, but as of today, nope, it is quite hard.
If you have some experience, try looking for jobs in Middle East, most ex Petronas employees that worked there won't bother to see Petronas.

Like that, I only can say good luck to you. I'm a Chinese, so there won't be any hope to join, but you may try again. Now is really not the good time to join unless you are willing to take lower pay. Once you gain experience, then jump ship. Just to let you have some reference, a plant operator in Petronas that getting rm3000 will get rm20000 in Iraq. An engineer would be higher, rm30000
And I have a Haji friend that went for Umrah for 7 times within 20 years He is working in Qatar and the flight only within 1-3 hours.

Head hunter companies won't ask you to pay first, for O&G, usually is the employer will pay them, not you.

Is quite logic, why we have to pay first before interview?
No doubt now is hardest time for O&G job seekers, this is why some parties are trying to make some fast money.

Not really the case, this only applicable to refineries that able to process cheap sour crude and not expensive sweet crude like Petronas, Petron, Shell

Went before 5-6 years back on Thinkplus organised interview campaign, only can say quite bad
Saudi is quite big, need to know where's that refinery located at. If boarder to Yemen, good luck on applying it

Jessy or Jerry?
They are better than think+ and AP basically for O&G

http://www.thestar.com.my/Business/Busines...ices/?style=biz
Anyway, another news.
Sell and cut worldwide employees and assets to bail out their own country trouble company.

Only 1 thing is, they seldom update the job ads
The position are closed for > 3 months, it is still shown